secwatch.observer — SEC 8-K summary
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Issuer:     FIRST FINANCIAL CORP /IN/ (THFF)
CIK:        0000714562
Form:       8-K
Filed at:   2026-06-30T18:21:19+00:00
Accession:  0000714562-26-000044
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Financial Corp enters new CEO employment agreement with Norman Lowery; base salary $698,987
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- New 24-month employment agreement effective July 1, 2026 for President/CEO Norman D. Lowery.
- Base salary of $698,987 per year; target annual bonus of 60% of base salary.
- Long-term incentive target grant value of 80% of base salary annually.
- Change-in-control severance: 2.99 times sum of base salary and prior year bonus plus 3 years benefits.
- Non-compete within 75-mile radius of Terre Haute for one year post-termination.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/714562/000071456226000044/0000714562-26-000044-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/714562/000071456226000044/thff-20260629x8k.htm
  HTML page:      https://secwatch.observer/filing/0000714562-26-000044

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer